skylte, after reading what you guys argued about, i think you should stop arguing with him, the more he replied you, the more it shows that how little he knows and how narrow his thinking is, smart people speak wise and little words while tin kosong talks alot

I have previously broken down why Hibiscus stake in Australia is not RM4 per share, it is only about RM0.40, those who wants to know more should ask how do people value it, not blindly follow RM4 given by flowerpower, or RM4 for Oman (claimed by him yesterday). It is easy to know who talks crap and who speaks wisely

In terms of valuing Oman, it is the same method I used, then you will know the true value of Hibiscus

Disclaimer: I did not own any Hibiscus share currently

heavily manipulated by danny tan haha

Looks like it has been consolidating, anyone buying warrants at 7.5c?

He definitely needs to check his attitude, I just provided my 2cents comment in terms of valuation, and then I got shot as well, then boooo, he went missing, he should apologise for his rudeness and start contributing positively to the forum

Looks like he has quite alot of fans here, after he left the forum, the price indeed went up

Flowerpower has indeed misled alot of people and not just once, but twice, and his attitude need to be changed. This forum should be better without him

Did my posting just alert somebody here to sell down? because looks like after I had posted it came down, guess too many are blinded by misled TP of "shifu" here

I can't imagine how you think, since when I am sklyte? I am here to educate investors around not to be gullible

I took 1 day to look at your latest postings and found ambiguity, that's why I raise the issue of valuation, seems like alot of guys here are attacking you as well, I guess somehow you have a problem with your attitude, mate, please think before you post

If you look at Karex/BJauto, they will most probably reach higher high after april, that would be the time where the owners will have no more monotarium, and they will cross their shares out for syndicates to dispose

Correction on my calculation above, it should be

RM3.30 x 56.6% x 10.3m x $15
= RM288million

roslaom,

Hibiscus' Australia is offshore production, giving a range of $15-$25 per barrels is considered optimistic, you cant use $100 to value your barrels, impossible there are no cost involved to dig out those money

Even lets assume $100 per barrel= RM3.30 X 56.6% x 10.3m x $100 = RM1923million

1923+250 / 1billion = RM2++

Now you know who you should listen to, I found flowerpower's comment full of craps, he is trying to be smart everytime, I don't know what is his agenda, maybe sklyte is correct, he could be the person behind the smokescene

For MLM companies, probably they are clearing their stocks for Q4, that is why you see a drop in Thailand...You know how MLM works, they normally stock up alot, boosted their revenue , and then restock again next year, I dont see why there is a drop in revenue before Dec, the political situation happened on December, how come it will impact Q4?

Flowerpower, Hibiscus have 512million outstanding shares and 500 million outstanding warrants

Please educate us how do you get RM4? With almost 1billion worth of diluted shares, you are saying that it should have a market cap of RM4 billion with only Australia

I think you have no case and no sense on your valuation method. With just 5 years of investing experience, I did a rough calculation on Australia

Assuming Exchange Rate = RM3.30/$
Hibiscus' net interest = 56.6%
Australia's reserve = 10.3m
Outstanding warrants = 500m
Warrant's exercise price = RM0.50
Potential cash from warrants = RM250m
Benchmark valuation on reserve = $15/ barrel

= $100 x RM3.30 x 56.6% x 10.3m x $15
= RM288million

How do you get RM4? Trying to bullshit or your maths fail last time?

RM288+250million cash/ 1 billion warrants and shares= RM0.538